Finance
Compound Interest Calculator
Visualize the power of compound interest and see how your money grows.
$
$
Future Value
$0
Principal: $1,000
Interest: +$0
Growth Over Time:
Y2
$3,718
Y4
$6,843
Y6
$10,436
Y8
$14,568
Y10
$19,318
Frequently Asked Questions
What is compound interest?
Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
How often is interest compounded?
In this calculator, we assume interest is compounded monthly, which is standard for most savings accounts and investment projections.
Does this account for inflation?
No, this calculator shows the nominal future value. To account for inflation, you would need to subtract the inflation rate from your expected return rate.